Self Managed Super Fund
Investment Rules Within SMSF: Can a SMSF Invest in Property Development
The involvement of Self-Managed Super Funds in property developments often catches the attention of the ATO. Can you invest in real estate development with your SMSF? Find out here if investing in property development projects through an SMSF is allowed and the pros and cons of this strategy.
Life Insurance Provides a Financial Safety Net
Life insurance provides a financial safety net by paying out a death benefit to your beneficiaries in the event of your unexpected death. It is an essential component of a person's financial planning, especially given its long-term and significant advantages. At times when individuals are focusing on many areas for investment, it is important to keep in mind that the best investment is in one's health and well-being, and everything else revolves around it. This is the reason why it is critical to have life insurance in one's investment plan.
What an Australian Retirement on $3 Million Looks Like
It's important to note that everyone's retirement goals and lifestyle preferences are different. Here’s a general overview of what a retirement on $3 million in Australia might look like, but personal choices and circumstances can vary significantly. It's advisable to consult with a financial advisor to tailor a retirement plan that suits your specific needs and goals.
The Increasing Costs of Raising Children
Managing the costs of growing kids requires careful planning and prioritization. By following these tips and adapting them to your specific situation, you can effectively manage the financial responsibilities that come with raising children. Get in touch with us to create a plan to secure your family’s future.
What is on the ATO Focus for SMSF in 2023
It is not surprising that the ATO is focusing on SMSFs given their increased popularity and significant asset holdings. Here’s a summary of some key issues currently attracting the ATO’s attention that SMSF trustees (and their advisers) need to be aware of for the 2023 income year.
Building an Emergency Fund for Your Peace of Mind
A strong financial plan must include the creation of an emergency fund because it acts as a safety net in case of unforeseen circumstances. We can advise you on the best solutions for your particular financial circumstances and assist you in taking action to lay a solid financial foundation.
How To Prepare Super For EOFY
Recent headlines have been dominated by superannuation. As we near the conclusion of the fiscal year, it is worthwhile to turn our attention to super balances. There are several ways to increase your superannuation, but if you want to maximise your contributions, it's crucial that you don't wait until the last minute. Here’s how to get your super ready for EOFY!
AustralianSuper to Refund $70M to Customers after Double-Charging Members
Australia's biggest superannuation fund has revealed that it has been double charging some customers, and will refund around $70 million in fees and insurance costs to about 100,000 people. Here's how to determine whether you're entitled to a refund.
Say Hello to Payday Super
The government has announced that from July 1, 2026, all companies will need to pay worker's superannuation at the same time they pay them which means companies will no longer be able to pay superannuation on a quarterly basis.
Tax Advantages of Superannuation Constributions
Your superannuation will probably play a significant role in your retirement income. For this reason, topping it off while you work is a smart idea. But did you know that by making your own voluntary superannuation payments, you can also enjoy some significant tax benefits right now? Here are the various methods to gain tax benefits from your super contributions.